Flat6Labs, a seed and early-stage venture capital firm, has launched a construction-tech Innovation program named “Makers” in collaboration with SIAC, a regional private construction firm, and Dar-Al-Handasah, an international consulting company in engineering, to foster startups in the construction technology solutions across Egypt.
The Makers ConTech program includes a pre-accelerator for early-stage startups and an accelerator program with an investment component for more advanced startups. The pre-accelerator program aims to promote the construction industry’s innovation through connecting and engaging with various stakeholders with extensive expertise, as well as to create sustainable innovation ecosystems for construction-related challenges within SIAC, Dar, and the industry at large.
“We are incredibly excited to be partnering with Flat6Labs and SIAC to launch the Makers ConTech Innovation Program focused on empowering entrepreneurs to create technology-driven solutions and opportunities for the design and construction sector. We’re looking to develop and support innovators who have the vision, ideas, expertise, and determination to reimagine this exceptionally complex sector and find ways to make it more sustainable, resilient, future-fit, and safer for workers and communities,” Faysal Shair, Head of Digital Practice at Dar, said.
The Makers ConTech Innovation Program in its pre-accelerator stage will provide selected startups with strategic mentorship, entrepreneurship-focused business training, subject matter one-on-one sessions, and a wide range of perks and services from partners.
The pre-accelerator program is designed to support entrepreneurs by guiding them in developing and presenting their innovative ideas and solutions to SIAC and Dar, with the possibility of being selected to run a pilot program with both companies.